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The magazine says the Model S has dropped to below average reliability due to suspension problems and other issues such as its extending door handles. But the usually reliable Fusion drops to "Below-Average", mainly because of problems with the Sync 3 infotainment system screen. Japanese automobile brands dominated the top four slots in this year's reliability rankings announced by a leading USA consumer advocate magazine on Wednesday.
  • Saudi Crown Prince Calls Slain Journalist’s Killing a ‘Heinous Crime’

    Saudi Crown Prince Calls Slain Journalist’s Killing a ‘Heinous Crime’

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    Speaking at an investment forum he was hosting in Riyadh , the crown prince called the killing a "heinous crime" but offered no new information on what happened. The killing of Saudi journalist Jamal Khashoggi continues to provoke reactions. "The incident was very painful for all Saudis". "But they will not succeed as long as there is a king named Salman and a crown prince named Mohammed bin Salman".
  • Microsoft Quarterly Profit Soars on Cloud Services, LinkedIn Growth

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    Traders had feared the Seattle giant would unveil a disappointing set of financial results but the company beat expectations, saying revenue had climbed by 19pc to $29.1bn. The company reported Xbox software and services also saw a revenue growth of 36%, mainly from third-party title strength. Over in More Personal Computing, revenue was up 15 percent to $10.8 billion, with operating income up 23 percent to $3.1 billion.
  • U.S. revokes 21 Saudi visas over Khashoggi death

    U.S. revokes 21 Saudi visas over Khashoggi death

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    The previous Conservative government signed the huge arms deal for the London, Ont. In a speech timed to coincide with the start of a three-day worldwide business conference in Riyadh on Tuesday, Turkish President Recep Tayyip Erdogan rejected the Saudi narrative and said that Khashoggi's murder was planned in Riyadh .
  • British Cabinet at war over May's Brexit plan

    British Cabinet at war over May's Brexit plan

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    The latest display of backbench unrest came amid reports that the number of Conservative MPs submitting letters calling for Mrs May's removal was approaching the 48 needed to trigger a no-confidence vote in her leadership. "And I certainly will not". Labour leader Jeremy Corbyn said the Government had been forced to consider extending the transition period as a result of "its own incompetence".
  • Global stocks crumble as worldwide growth and USA earnings fears spook markets

    Global stocks crumble as worldwide growth and USA earnings fears spook markets

    Markets

    The Russell 2000 index of smaller-company stocks gave up 12.91 points, or 0.8 percent, to 1,526.59. The Nasdaq Composite Index tumbled 4.4 per cent on Wednesday, the most in more than seven years, erasing nearly $US33 billion ($47 billion) from the fortunes of technology's 61 richest people, according to the Bloomberg Billionaires Index.
  • Didn't win Mega Millions? Powerball jackpot up to $620M

    Didn't win Mega Millions? Powerball jackpot up to $620M

    Markets

    The world's largest lottery jackpot remains the $1.586 billion Powerball jackpot won in January 2016. Record-high jackpot or not, $1.537 billion is an insanely huge amount of money. Here's what you should consider. They're also urging the victor to call the Lottery. No lottery victor is going to save and invest all of their winnings, of course.
  • Is Italy's budget crisis a bigger threat to the European Union than Brexit?

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    EU Financial Affairs Commissioner Pierre Moscovici highlighted how Italy's budget would hurt its own people by saddling the young with higher debt payments. And for this we won't let you down. Dombrovskis said previous year Italy's debt represented an average burden of €37,000 per inhabitant and the country spent about the same amount to service its debt as it did on education.
  • A Mega Millions winners means big tax revenue, too

    A Mega Millions winners means big tax revenue, too

    Markets

    The Mega Millions jackpot has crossed the $1.6 billion mark ahead of Wednesday night's drawing . Both lottery jackpots will approach new heights this week. It's hard to overstate how fast lottery tickets fly out of the mini marts when the top prizes get so large. Incredibly, around 70% of lottery winners go bankrupt within five years of winning their prize, according to research by the National Endowment for Financial Education.
  • Donald Trump puts blame on Saudi prince for journalist's death

    Donald Trump puts blame on Saudi prince for journalist's death

    Markets

    Appearing on a discussion panel at an worldwide investment conference in Riyadh, Crown Prince Mohammed bin Salman said all culprits would be punished, and that Saudi Arabia and Turkey would work together "to reach results". Erdogan made no mention of an audio recording purported to have captured the slaying, reports CNN . It was not clear what was in the suitcases. The photo was taken on Tuesday during Salah, and Khashoggi's brother Sahel, visit to the Al-Yamama Palace in Riyadh ...
  • Saudi Oil Chief: OPEC's in 'Produce as Much as You Can' Mode

    Saudi Oil Chief: OPEC's in 'Produce as Much as You Can' Mode

    Markets

    Brent crude futures settled at US$76.44 a barrel - a fall of 4.3 per cent or US$3.39 - after plunging 5 per cent to US$75.88, the lowest since Sept 7. "If the United States and West in general move toward some meaningful sanctions of Saudi Arabia, we would be joking to imagine that the Saudis would just sit down and accept it", Ayham Kamel, head of Eurasia Group's Middle East and North Africa practice, told CNBC.
  • Winning $1.6B Mega Millions ticket sold in South Carolina

    Winning $1.6B Mega Millions ticket sold in South Carolina

    Markets

    Turns out, he had a lottery ticket worth $38.5 million and claimed he bought the winning ticket separately with his own money . Tuesday's winning numbers: 5, 28, 62, 65, 70 and Mega Ball 5 . Regardless, it's the largest single winning ticket ever and it dwarfed the previous Mega Millions record, set in March 2012 at $656 million. If there's no victor Tuesday night, lottery officials said the estimated jackpot would jump again for Friday night's drawing, to $2 billion.
  • Saudi Arabia pledges $3 billion to Pakistan amid balance of payment crisis

    Saudi Arabia pledges $3 billion to Pakistan amid balance of payment crisis

    Markets

    The deal was signed Tuesday by Pakistan's Finance Minister Asad Umar and his Saudi counterpart, Muhammad Abdullah Al-Jadaan, on the sidelines of an worldwide investment forum underway in the kingdom. "We're desperate for possible Saudi loans to shore up Pakistan's economy", he said before starting his trip to Riyadh . Ahead of his visit to Riyadh , Prime Minister Khan said Pakistan must continue to prioritise good relations with Saudi Arabia despite the killing of dissident journalist ...
  • Crude prices plunge as Saudi Arabia reassures market on supply

    Crude prices plunge as Saudi Arabia reassures market on supply

    Markets

    Last week, Saudi Arabia vowed to retaliate against any punitive measures linked to Khashoggi's fate, fueling concerns of oil price hikes. The crown prince faces what risk consultancy Eurasia Group has called "an acute public relations crisis" over Khashoggi's killing, which Saudi Arabia admitted was killed in the consulate after two weeks of denials.
  • Khashoggi killing: Erdogan's appeal to Saudi king carries not-so-veiled threat

    Khashoggi killing: Erdogan's appeal to Saudi king carries not-so-veiled threat

    Markets

    Treasury Secretary Steven Mnuchin, who pulled out of attending an investment conference in Riyadh , met with Saudi Prince Mohammed bin Salman separately before the forum, according to Saudi state television. Labour's leadership seized on the events in Istanbul to call for arms sales to Saudi Arabia to be halted. Police barricades are seen set at Saudi consulate as the waiting continues on the disappearance of Prominent Saudi journalist Jamal Khashoggi in the Consulate General of Saudi ...
  • Rotating Postal Strikes Set to Begin Monday

    Rotating Postal Strikes Set to Begin Monday

    Markets

    The union says mail will still be delivered in those cities, but will be delayed. The union is also asking for gender equality language to be incorporated in any new deal and want an end to forced overtime. The CFIB recommended its members switch to using e-transfers to send and receive payments, and to consider using alternative shipping services to move their products.
  • Jubeir: Saudis will hold to account those responsible for Khashoggi case

    Jubeir: Saudis will hold to account those responsible for Khashoggi case

    Markets

    Speaking to US broadcaster Fox, Jubeir, the Saudi foreign minister, extended condolences to Khashoggi's family. "This is a awful mistake, this is a bad tragedy". USA -born financier Bill Browder, who has led an worldwide campaign for Magnitsky sanctions inspired by the killing of Russian lawyer Sergei Magnitsky, said Canada is in an ideal position to lead a campaign against Saudi human-rights abuses because it already "burned its bridges" with Riyadh in August.
  • Turkish employees of Saudi consulate give statements in Khashoggi probe

    Turkish employees of Saudi consulate give statements in Khashoggi probe

    Markets

    President Recep Tayyip Erdoğan said Sunday he would reveal the "truth" about the Khashoggi case on Tuesday while Turkish officials vowed to pursue the case after Saudi Arabia's admission of guilt. "And what happened subsequent to that". Following the intervention of Brexit Secretary Dominic Raab, five opposition parties joined forces to urge tougher government action in protest over Saudi Arabia's involvement in Jamal Khashoggi's disappearance.
  • Mega Millions & Powerball Hit Combined $2 Billion Jackpot

    Mega Millions & Powerball Hit Combined $2 Billion Jackpot

    Markets

    The Mega Millions game, which was created in 2002, has seen changes over the years that have reduced the chances of winning, meaning bigger and bigger jackpots. Powerball, which held the record for the largest USA lottery prize of £1.213 billion ($1.586 bn) in 2016, will hold a separate draw on Saturday. Your opinion is valuable.
  • China's economic growth slows amid trade battle with US

    China's economic growth slows amid trade battle with US

    Markets

    A Reuters poll of analysts underscored the dimming outlook for the world's second-biggest economy, with forecasts centring on growth at 6.6 per cent in the June-Sept quarter from a year earlier - the weakest pace since the first quarter of 2009.
  • No Mega Millions winner, jackpot now climbs to $1.6 billion

    No Mega Millions winner, jackpot now climbs to $1.6 billion

    Markets

    Don't count on making a deposit for anywhere close to $1.6 billion if you win the Tuesday night drawing. The jackpot is now the highest in history, moving past a $1.586 billion Powerball drawing in 2016 that was shared among winners in California, Florida and Tennessee.
  • Oil Up But Set For Weekly Loss on Stock Build, Trade Row

    Oil Up But Set For Weekly Loss on Stock Build, Trade Row

    Markets

    Meanwhile, Saudi Arabia will quietly add extra oil to the market over the next couple of months to offset a drop in Iranian production but is anxious it might need to limit output next year to balance global supply and demand as the United States pumps more crude.
  • Cobalt Air ceases operations as talks with creditors collapse

    Cobalt Air ceases operations as talks with creditors collapse

    Markets

    In a surprise announcement posted on its website late Wednesday, the airline said it was canceling all flights from shortly before midnight "due to indefinite suspension of Cobalt's operations ". She said: "We thought it would be easier and less stress getting married overseas but it's a nightmare". There was speculation that the budget airline was facing cash flow problems after two of its aircraft were grounded for two days.